Face++, a Chinese developer of facial recognition technology, raised $750 million at a valuation just north of $4 billion. Reuters reports that the company also has hired bankers for a Hong Kong IPO that's expected for later this year.

Why it matters: This comes just days after Human Rights Watch reported that Face++ technology is being used by the Chinese government to identify potential terrorists — an extensive and highly-subjective data collection process that has helped result in the detention of over 1 million Uighur Muslims in China's Xinjiang region.

Investor details: Bank of China Group Investment led with a $200 million infusion, and was joined by Macquarie Group, ICBC Asset Management, Abu Dhabi Investment Authority and return backer Alibaba.

The bottom line, via Axios' Dave Lawler: "It's been two years since the internment camps first came to light internationally, and a series of reports from Xinjiang have made vivid the scale of the abuses. Yet foreign governments and corporations are content to pretend it isn't happening."

Go deeper: State Dept. says China's treatment of Uighur Muslims worst "since the 1930s"

Go deeper

46 mins ago - Sports

13 members of St. Louis Cardinals test positive for coronavirus

Photo: Hannah Foslien/Getty Images

Seven players and six staff members from the St. Louis Cardinals have tested positive for the coronavirus over the past week, prompting the MLB to postpone the team's upcoming four-game series against the Detroit Tigers.

Why it matters: Seven consecutive Cardinals games have now been canceled after St. Louis became the second team to report a significant coronavirus outbreak, just two weeks into the season.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 18,149,860 — Total deaths: 690,624 — Total recoveries — 10,753,318Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 4,690,404 — Total deaths: 155,124 — Total recoveries: 1,468,689 — Total tests: 56,812,162Map.
  3. Politics: White House will require staff to undergo randomized coronavirus testing — Pelosi says Birx "enabled" Trump on misinformation.
  4. Business: Virtual school is another setback for retail — The pandemic hasn't hampered health care.
  5. Public health: Former FDA chief says MLB outbreaks should be warning sign for schools.
1 hour ago - Podcasts

White House adviser Peter Navarro talks TikTok

President Trump has relaxed his threat to immediately ban the popular social media app TikTok, giving Microsoft room to negotiate an acquisition from Chinese tech giant ByteDance.

Axios Re:Cap digs into the situation with Peter Navarro, the White House's top trade adviser and a noted China hawk, who suggests Microsoft should be forced to make unrelated concessions related to its China operations.